- CEO
- Corey Mangold
- Sector
- Healthcare
- Industry
- Drug Manufacturers - Specialty & Generic
- Address
- 27762 Antonio Parkway Ladera Ranch CA United States of America 92694
- IPO Date
- Apr 10, 2019
- Business
- Orchid Ventures, Inc. (ORVRF) engages in the design, development, manufacturing, branding, and distribution of cannabis vape products and related hardware in North America. The company offers cannabis vapor devices including kits, cartridges, 510-thread batteries, ultra-portable pod-based systems, and disposable vaporizers under the Orchid Essentials brand; it also provides proprietary PurGuard technology platforms, emissions-tested clean vaporizer hardware through its subsidiary PurTec Delivery Systems, LLC, and white-label co-branded product development services including oil sourcing, filling, compliance management, and distribution via the Orchid Platform. Products target the cannabis and CBD industries, serving licensed manufacturers, distributors, processors, retailers, and consumers through approximately 150 to 350 dispensaries primarily in California, Oregon, and Nevada. Founded as a California-based cannabis innovation company and headquartered in Ladera Ranch, California, Orchid Ventures licenses its brands and hardware globally while focusing on premium, user-optimized experiences. Recent developments include the 2022 launch of PurTec Delivery Systems as a dedicated hardware subsidiary to expand proprietary delivery systems beyond vaporizers; a sales and distribution agreement with Landrace, LLC to boost market penetration; termination and renewal of a licensing agreement for Orchid Essentials in Oregon; a new CFO appointment following Richard Brown's resignation; and a share consolidation with an over-subscribed private placement closing in 2021 alongside ongoing stock option grants and financial reporting showing diversification efforts amid revenue from non-vape cannabis and CBD segments.